#OPEC+ — FinScans

News 🏭 Commodities

OPEC+ Plans Production Hike After War, Threatening Oil Surplus and Price Drop

July 6, 2026 (127 days ago)

OPEC+ emerges from wartime constraints and signals a return to higher production, which could flood the market with excess supply and drive…

USOIL UKOIL

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News 🏭 Commodities

Crude Oil Falls on OPEC Production Increase; Dollar Unchanged

July 6, 2026 (128 days ago)

OPEC's production increase drove oil prices lower while the dollar steadied, setting a cautious tone across global financial markets.

USOIL DXY

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News 🏭 Commodities

Oil Prices Drop as Hormuz Flows Persist, OPEC+ Prepares More Supply

July 6, 2026 (128 days ago)

Oil prices declined on July 5 as the Strait of Hormuz saw no disruption and OPEC+ prepared to increase output, with WTI…

USOIL

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News 🏭 Commodities

OPEC+ to Raise Oil Output by 400,000 b/d in August as Gulf Flows Rebound

July 5, 2026 (128 days ago)

OPEC+ ratified a modest oil output hike for August, lifting daily production by 400,000 barrels as Gulf output recovers, a move likely…

USOIL UKOIL USD/CAD

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News 🏭 Commodities

OPEC+ Agrees 188k b/d Quota Hike; Gulf Flows Resume, Sending Oil Lower

July 5, 2026 (128 days ago)

OPEC+ announced a 188,000 barrel-per-day quota hike and Gulf oil flows resumed, triggering a selloff in crude futures as markets braced for…

USOIL UKOIL USD/CAD

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News 🏭 Commodities

Oil Prices Plunge as Stunning Reversal Stirs Global Glut Fears

July 4, 2026 (129 days ago)

Oil's sudden price reversal stokes oversupply fears, with WTI and Brent plummeting as rising inventories and weak demand signal a global glut;…

USOIL UKOIL XLE +1

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News 🏭 Commodities

Iran’s Floating Crude Hoard Hits Record as China, India Cut Imports

July 2, 2026 (131 days ago)

Iran’s floating oil stockpile hits record highs as China and India cut imports, deepening the crude supply glut and weighing on global…

USOIL

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News 🏭 Commodities

Goldman Sachs Warns of Returning Oil Glut, Sees Prices Under Pressure

July 1, 2026 (132 days ago)

Goldman Sachs forecasts an oil market oversupply by late 2026 due to surging non-OPEC output and weakening demand, threatening to push Brent…

USOIL UKOIL XLE +2

Saudi Aramco Spot Sales Signal Supply Surge; Crude Under Pressure

July 1, 2026 (132 days ago)

Saudi Aramco's unusual spot oil sales and accelerated shipments hint at oversupply, weighing on crude oil futures in the near term.

USOIL UKOIL

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News 🏭 Commodities

Goldman Flags 2026 Oil Surplus as Global Stockpile Rebuilds Fall Short

July 1, 2026 (132 days ago)

Goldman Sachs flags a 2026 oil surplus as OPEC+ and US shale supply flood the market, overwhelming demand and strategic stockpile purchases,…

USOIL UKOIL

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News 🏭 Commodities

Record Russian Crude Exports Push Oil Prices to Six-Month Low

June 30, 2026 (133 days ago)

Russia's record crude exports are flooding the global oil market, driving Brent below $65 and WTI below $70 to multi-month lows, challenging…

USOIL UKOIL XOM

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News 🏭 Commodities

Abu Dhabi Proposes Market-Based Oil Pricing System to Replace Legacy Benchmarks

June 30, 2026 (133 days ago)

Abu Dhabi's proposed market-based oil pricing overhaul seeks to modernize crude trading, boosting transparency and challenging traditional benchmark mechanisms.

UKOIL USOIL

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